MUMBAI – Investors dumped more Adani stock on Monday as India’s opposition staged protests calling for a full enquiry into allegations of major accounting fraud at the country’s biggest conglomerate.
The group owned by tycoon Gautam Adani has lost around $120 billion in value since the claims were levelled by short-seller US investment group Hindenburg Research on January 24.
Trading in Adani Total Gas, in which French oil giant TotalEnergies owns a 37.4-percent stake, and in Adani Power was again suspended after the stocks fell five percent.
Shares in flagship Adani Enterprises, which before the rout…
